Ky. Rev. Stat. § 56.180

Current through 2024 Ky. Acts ch.225
Section 56.180 - Use of fund - Disposition of excess
(1) On or after March 29, 2023, until June 30, 2025, if at the end of any fiscal year the moneys and securities to the credit of the state fire and tornado insurance fund exceed one hundred million dollars ($100,000,000), that excess shall be transferred to the general fund.
(2) On or after July 1, 2025, if at the end of any fiscal year the moneys and securities to the credit of the state fire and tornado insurance fund exceed ten million dollars ($10,000,000), any such excess shall be transferred to the general fund.
(3) The moneys and securities to the credit of the state fire and tornado insurance fund shall not be used for any purpose unrelated to fund operations.

KRS 56.180

Amended by 2023 Ky. Acts ch. 135,§ 4, eff. 3/29/2023.
Amended by 2012 Ky. Acts ch. 83,§ 4, eff. 7/11/2012.
Amended 1982 Ky. Acts ch. 406, sec. 7, effective 7/15/1982. -- Amended 1962 Ky. Acts ch. 45, sec. 1. -- Amended 1958 Ky. Acts ch. 137, sec. 1. -- Amended 1954 Ky. Acts ch. 225, sec. 4. -- Amended 1946 Ky. Acts ch. 130, sec. 2. --Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 4636-35.